Common use of Allocation Statement Clause in Contracts

Allocation Statement. Each Party agrees not to take any position (and to cause each of its Affiliates not to take any position) that is inconsistent with the Protective Section 336(e) Elections, including the Section 336(e) Allocation Statement, on any Tax Return, in connection with any Tax Contest or for any other Tax purposes (in each case, excluding any position taken for financial accounting purposes), except as may be required by a Final Determination.

Appears in 9 contracts

Samples: Tax Matters Agreement (Ligand Pharmaceuticals Inc), Tax Matters Agreement (Worthington Steel, Inc.), Transition Services Agreement (Ligand Pharmaceuticals Inc)

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Allocation Statement. Each Party agrees not to take any position (and to cause each of its Affiliates not to take any position) that is inconsistent with the Protective Section 336(e) Elections, if any, including the Section 336(e) Allocation Statement, on any Tax Return, in connection with any Tax Contest or for any other Tax purposes (in each case, excluding any position taken for financial accounting purposes), except as may be required by a Final Determination.

Appears in 3 contracts

Samples: Tax Matters Agreement (LENSAR, Inc.), Tax Matters Agreement (LENSAR, Inc.), Tax Matters Agreement (PDL Biopharma, Inc.)

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